There are two substantial catalysts ahead for Bitcoin.
For one, according to CoinDesk.com, “May 15 marks the deadline for institutional investment managers to file form 13-F with the Securities and Exchange Commission. If more firms are shown to have purchased the newly approved spot bitcoin exchange-traded funds during the first quarter, this will show bitcoin has gained further institutional acceptance.”
The other potential catalyst could be the rejection of an Ether ETF.
“This is significant because while Ethereum’s fate may remain up in the air until 2025 or longer, we believe there’s a substantial amount of capital waiting for a digital winner to be declared; to the extent Bitcoin proves to be that winner, the incremental demand would likely be felt even more acutely given the recent bitcoin halving,” TD Cowen analyst Lance Vitanza added.
If these turn out to be strong catalysts, investors may want to keep an eye mining stocks like Marathon Digital (SYM: MARA) and Riot Platforms (SYM: RIOT).
Or take a look at the ProShares Bitcoin Strategy ETF (SYM: BITO).
With an expense ratio of 0.95%, the BITO ETF tracks the performance of spot Bitcoin, and is the world’s largest and most actively traded cryptocurrency ETF, according to ProShares. BITO is mimicking the price of Bitcoin as closely as possible without investing in the cryptocurrency.
Bitcoin and Ethereum are seeing big gains recently…
And with the Bitcoin halving now behind us, prices could absolutely explode as we officially enter the Bitcoin halving bull run!
Historical data shows that at about this point crypto gains go begin to go parabolic.
My research team has identified one small crypto that could ride this wave…
It’s designed to directly benefit from Bitcoin’s momentum. Meaning as Bitcoin surges in the halving bull run, this altcoin could deliver truly massive returns.
I recently put together a Special Report revealing everything you need to know about this crypto and why it needs to be on your radar.
The opportunity is here.
![🧐 In this video, Dylan discusses a recent Bloomberg article that sheds light on the hidden dynamics within the crypto market.
[Bloomberg Article - https://www.bloomberg.com/news/articles/2024-05-15/crypto-deals-kol-investors-get-big-valuation-discounts]
From influencers to financial gurus, many key opinion leaders (KOLs) are being paid handsomely to promote certain cryptocurrencies, often leading to classic pump-and-dump schemes.
🚨 Buyer Beware: If you're investing in crypto, it's crucial to understand the game being played. As Dylan's grandfather used to say, "If you don't know who the patsy at the table is, you're the patsy." This timeless advice is more relevant than ever in today's volatile crypto landscape.
📈 Whether you're a seasoned investor or new to the crypto space, this video offers essential insights to help you navigate these murky waters. Dylan is not here to debate the legitimacy or utility of cryptocurrencies but to ensure you are aware of the tactics used to manipulate the market.
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